Sprint Backtesting

S -- USA Stock  

Trending

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Sprint Corporation and determine expected loss or profit from investing in Sprint over given investment horizon. Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Sprint 'What if' Analysis

September 9, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
December 8, 2019
0.00
If you would invest  0.00  in Sprint on September 9, 2019 and sell it all today you would earn a total of 0.00 from holding Sprint Corporation or generate 0.0% return on investment in Sprint over 90 days. Sprint is related to or competes with UTStarcom Holdings, ATT, Verizon Communications, Telephone And, Zayo Group, and Liberty Broadband. Sprint Corporation, together with its subsidiaries, provides a range of wireless and wireline communications products an...

Sprint Upside/Downside Indicators

Information Ratio(0.22)
Maximum Drawdown7.73
Value At Risk(3.04)
Potential Upside2.22

Sprint Market Premium Indicators

Risk Adjusted Performance(0.10)
Jensen Alpha(0.39)
Total Risk Alpha(0.47)
Treynor Ratio(0.21)

Sprint Backtested Returns

Macroaxis considers Sprint to be moderately volatile. Sprint owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.2019 which indicates the firm had -0.2019% of return per unit of risk over the last 3 months. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Sprint Corporation exposes twenty-seven different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Sprint Risk Adjusted Performance of (0.10) and Coefficient Of Variation of (563.03) to confirm risk estimate we provide. The entity has beta of 1.4572 which indicates as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Sprint will likely underperform. Even though it is essential to pay attention to Sprint current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Sprint Corporation exposes twenty-seven different technical indicators which can help you to evaluate its performance. Sprint has expected return of -0.329%. Please be advised to validate Sprint Total Risk Alpha, Downside Variance as well as the relationship between Downside Variance and Daily Balance Of Power to decide if Sprint past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.68 
correlation synergy

Good predictability

Sprint Corporation has good predictability. Overlapping area represents the amount of predictability between Sprint time series from September 9, 2019 to October 24, 2019 and October 24, 2019 to December 8, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sprint price movement. The serial correlation of 0.68 indicates that around 68.0% of current Sprint price fluctuation can be explain by its past prices.
Correlation Coefficient0.68
Spearman Rank Test0.64
Residual Average0.0
Price Variance0.07

Sprint lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Sprint regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Sprint Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - S

Sprint Investor Sentiment

Most of Macroaxis users are at this time bullish on Sprint Corporation. What is your outlook on investing in Sprint Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at Sprint Hype Analysis, Sprint Correlation, Sprint Valuation, Sprint Volatility as well as analyze Sprint Alpha and Beta and Sprint Performance. Please also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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